1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mafiozo [28]
1 year ago
5

An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find th

e amount of money in the account at the end of the period.
Business
1 answer:
Hunter-Best [27]1 year ago
5 0

The amount of money in the account at the end of the period will be $2907.89.

<h3>What is the investment?</h3>
  • The dedication of an asset to achieve a gain in value through time is referred to as an investment.
  • Investment necessitates the sacrifice of a current item, such as time, money, or effort.
  • The goal of investing in finance is to earn a return on the invested asset.
  • A gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a mix of capital gain and income, may constitute the return.
<h3>To find the amount of money in the account at the end of the period:</h3>

Step 1: Define

Identify variables

P = 930

t = 19

r = 6% = 0.06

Step 2: Find Interest

Substitute in variables [Compounded Continuously Formula]: A=930e^{} ^{19*0.06}                  

[Exponents] Multiply:    

A=930e^{1.14}                                                                                  

Evaluate exponents:            

A=930(3.12677)                                                                            

Multiply:            

A=2907.89

Therefore, the amount of money in the account at the end of the period will be $2907.89.

Know more about investment here:

brainly.com/question/25300925

#SPJ4                                                                                      

You might be interested in
Which is an example of a high-risk investment?
vladimir1956 [14]
The answer is A stock in a start-up company
6 0
3 years ago
Read 2 more answers
How could biotechnology affect your privacy?
svetlana [45]
<span>How could biotechnology affect your privacy? Biotechnology can be used to perform tests that weren't necessary. If these tests are performed health insurance companies may find issues that weren't presented at the time of insuring them and decide not to insure. Biotechnology is the growing of biological processes for different purposes to manipulate microorganisms int the production of antibiotics and hormones. These technology's are growing and giving more focus on what biotech can do for our country and those suffering from illness and hormone issues.  </span>
8 0
3 years ago
Steven is trying to save for a new car. What does he need to created to help him decide how much of his income needs to be used
Andrej [43]

Steven needs to create a budget that will list all of his expenses each month with regards to the income he brings in. Once Steven sits down and creates the budget he will see the money that is left over once he is done paying all of his necessary bills. The money that is left over can be saved to purchase a new car.

7 0
3 years ago
Read 2 more answers
Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving fo
antiseptic1488 [7]

Answer:

Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project, are often involved in closing.

Explanation:

A project is any exercise by an individual or group that has been carefully designed to achieve a certain future goal. A project needs to take into a account various strategies for it to actually achieve what was originally set out in the goals. A project that achieves its goals can be described as a successful project. Most undertakers of a project always wish for their project to be successful, since a project always involves investment in terms of finance, human resources and time. The amount of investment in a project depends on the scope and level of complexity of the project. Vast complex projects usually require for them to be broken down into different phases to make them simple in understanding and execution.

For projects to be successful, one needs to find a way in which the resources going into the project are dealt with in such a way that the direction of the project is in line with the project goals. This is what is defined as project management and it has different phases. The phases of project management are;

1. Initiating: this deals with the planning phases of the project where the goals are set and the project needs are determined. This phase deals with determining the procedure for project execution.

2. Executing; once all the project needs have been determined and purchased, they are put to work.

3. Monitoring and controlling: in this stage, the workings of the project are checked if they have attained the standards stated.

4. Closing: in this stage, administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project is done.

4 0
3 years ago
Kenny is concerned that the amount of spam he is receiving is making him less productive at work. He knows that the
Vsevolod [243]

Answer:

<em>Sorry, I could not type the answer here directly because it doesn't allow me.</em>

It should be "spam" followed by "at"<em> (the symbol sign) </em>and "uce" plus "." and "gov"

There should be no spaces.

Explanation:

A "spam" refers to<em> an email that you do not want in your inbox</em>. They are mostly intended for commercial purposes–including some emails that are deceptive. There are actually many ways to reduce the amount of spam reaching your email. For example, you could use an <em>email filter </em>or choose a <em>unique email address. </em>

Kenny above wants to report the spam he is receiving, thus, he needs to forward it to the Federal Trade Commission <em>(FTC). </em>They are responsible for helping Kenny clear his inbox from spams.

5 0
2 years ago
Other questions:
  • Debt: 5,000 7.2 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bo
    6·1 answer
  • Select the items below that describe why scarcity exists.
    8·2 answers
  • The equation representing the consumption schedule for the economy is:
    14·1 answer
  • Explore the Web sites of the following companies: Blue Nile, J.Crew, Lowe’s, and Priceline. Determine which of these Web sites w
    10·1 answer
  • Suppose the mean gpa of all students graduating from a particular university in 1975 was 2.30. the registrar plans to look at re
    9·1 answer
  • Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,00
    13·2 answers
  • Regarding the tax treatment of payments to securities holders, it is true that _______________, while ____________________.
    8·1 answer
  • Suppose that the minimum wage was increased to $10 per hour. Which of the following would be most likely to result from the mini
    13·1 answer
  • Which of the following best describes goods production? (1 point)
    5·2 answers
  • A mortgage is a document in which a lender reclaims a property due to lack of payment by the borrower.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!